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$749,000

5521 Rainbow Heights Road

Fallbrook, CA 92028

Active

Beds

Baths

888

Sq. Ft.

2015

Year Built

San Diego

County

SingleFamilyResidence

Property Type

About this home

Nearly two acres of elevated Fallbrook Heights land with no HOA, no restrictions on yourvision, and a turnkey 2015-built cottage ready the day you close -- that is the opportunityat 5521 Rainbow Heights Rd. The 1.95-acre parcel sits in the Rainbow Heights corridor ofFallbrook, California's legendary avocado and citrus country, where acreage with thiscombination of usable land, modern construction, and zero HOA constraints is genuinely rare. The 888 sq ft single-family residence, built in 2015 and in nearly new condition, provides a clean, livable anchor while you plan what comes next -- whether that is anADU, an orchard, a hobby farm, outbuildings, or simply the privacy and elbow room that anear-two-acre elevated parcel delivers. The lot scale, the Fallbrook Heights topography,and the absence of HOA oversight are the story here; the move-in-ready cottage is thebonus. Gross rent estimate of approximately $3,716/month supports an investor or househack angle for a cash or portfolio-lender buyer. Cash buyers and land-savvybuyers with portfolio financing are best positioned. Verify all details independently.

Listed by Omar Ortiz · DRE #02056548 · My Realty Company, Inc.

MLS #1193202248

ListedOct 15, 2026

Property Details

Architecture

StoriesN/A

StyleN/A

Total UnitsN/A

RoofN/A

Garage Spaces0

PoolN/A

SpaNone

Features & Amenities

Interior FeaturesCeiling Fans, Crown Molding, Separate Formal Dining Room, Living Room Deck Attached, Open Floorplan, Bedroom On Main Level, Walk In Closets

Exterior FeaturesN/A

FlooringTile

CoolingCentral Air

HeatingPropane

FireplaceNone

LaundryInside, See Remarks

Parking FeaturesAsphalt, Driveway

Parking Total0

Patio & PorchDeck

Entry LevelN/A

Entry LocationN/A

Common WallsNo Common Walls

Property Features

Lot Size1.95 ac

Lot FeaturesN/A

ViewCanyon, Hills, Mountains, Ocean, Panoramic, Rocks, Trees Woods

DirectionsTraveling southbound on I-15/ Exit 54 Rainbow Valley Blvd./ Turn Left, crossing over freeway/ Turn Left at 2nd Stop-Sign staying on Rainbow Valley Blvd/ Turn Left on Eighth St/ Turn Left onto Rainbow Heights Rd./ *Turn Left onto Select Way.

Community

Area92028 - Fallbrook

School DistrictN/A

Tax & Financial

TermsConventional

Land LeaseNo

HOA NameN/A

HOA FeeN/A

Request a Tour

Mortgage Estimate

$3,986/mo

20% down · 7% APR · 30-yr fixed

Purchase PriceDown Payment: 20%Interest Rate: 7%

Estimate only. Does not include taxes, insurance, or HOA.

Last updated: October 21, 2026 at 6:15 PM

The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. All listing data, including but not limited to square footage and lot size, is believed to be accurate but is not guaranteed by the listing Agent, listing Broker, or CRMLS. Buyers are responsible for verifying the accuracy of all information and should independently investigate the data or retain appropriate professionals prior to making any decisions. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information herein may or may not have been the Listing and/or Selling Agent. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.